Par Pacific Holdings Inc (NYSE: PARR) is 3.38% higher on its value in year-to-date trading and has touched a low of $20.30 and a high of $40.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PARR stock was last observed hovering at around $36.09 in the last trading session, with the day’s gains setting it 1.51%.
Currently trading at $37.60, the stock is -0.01% and 3.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 4.18% at the moment leaves the stock 14.44% off its SMA200. PARR registered 42.26% gain for a year compared to 6-month gain of 4.07%. The firm has a 50-day simple moving average (SMA 50) of $0.36 and a 200-day simple moving average (SMA200) of $3.70.
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The stock witnessed a -5.86% loss in the last 1 month and extending the period to 3 months gives it a 10.07%, and is 7.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 3.50% over the month.
Par Pacific Holdings Inc (PARR) has around 1814 employees, a market worth around $2.24B and $8.23B in sales. Current P/E ratio is 3.15 and Fwd P/E is 12.66. Profit margin for the company is 8.85%. Distance from 52-week low is 85.22% and -7.61% from its 52-week high. The company has generated returns on investments over the last 12 months (32.00%).
Par Pacific Holdings Inc quarterly earnings per share for the current quarter are estimated at $1.48 with sales reaching $1.8B over the same period.The EPS is expected to shrink by -39.87% this year, but quarterly earnings will post -10.90% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
343 institutions hold shares in Par Pacific Holdings Inc (PARR), with institutional investors hold 98.33% of the company’s shares. The shares outstanding are 59.76M, and float is at 57.87M with Short Float at 4.25%. Institutions hold 95.60% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.99 million shares valued at $212.55 million. The investor’s holdings represent 13.08% of the PARR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.15 million shares valued at $163.66 million to account for 10.07% of the shares outstanding. The other top investors are Chai Trust Co LLC which holds 3.35 million shares representing 5.48% and valued at over $89.1 million, while State Street Corporation holds 5.44% of the shares totaling 3.32 million with a market value of $88.42 million.
Par Pacific Holdings Inc (PARR) Insider Activity
The most recent transaction is an insider sale by PATE WILLIAM, the company’s Chief Executive Officer. SEC filings show that PATE WILLIAM sold 75,000 shares of the company’s common stock on Nov 28 ’23 at a price of $34.73 per share for a total of $2.6 million. Following the sale, the insider now owns 0.48 million shares.
Par Pacific Holdings Inc disclosed in a document filed with the SEC on Nov 27 ’23 that PATE WILLIAM (Chief Executive Officer) sold a total of 75,000 shares of the company’s common stock. The trade occurred on Nov 27 ’23 and was made at $35.03 per share for $2.63 million. Following the transaction, the insider now directly holds 0.48 million shares of the PARR stock.
Still, SEC filings show that on Aug 14 ’23, PATE WILLIAM (Chief Executive Officer) disposed off 115,099 shares at an average price of $34.85 for $4.01 million. The insider now directly holds 483,019 shares of Par Pacific Holdings Inc (PARR).
